Bank of Israel inflation report finds rate moving higher
The Bank of Israel's fourth quarter Inflation Report published on Wednesday showed inflation increased slightly in the three months to December to an annual rate of 2.7%.
Stanley Fischer, the governor of the Bank of Israel, said the economic recovery that had started in mid-2009 continued, with indications of increased inflationary pressures becoming evident. According to the report, CPI inflation, led by an increase in the energy and food components, had increased by 0.8% in the fourth quarter
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